Caustic soda: The liquid caustic soda market has both ups and downs, 50 caustic soda continues to rise, and the market has increased positions upward(December 23, 2024)

Analysis of caustic soda futures: On December 23, the opening price of SH2505 contract was 2717, the highest price was 2764, the lowest price was 2705, the position was 83889, the settlement price was 2733, the settlement price was 2710 yesterday, the increase was 23, the closing price was 2737, the daily trading volume was 159732 lots, the deposited funds were 1.102 billion, and the capital inflow was 171 million.

Caustic soda market price:

Caustic soda spot analysis: Today, the caustic soda market continued its differentiated trend, the liquid caustic soda market had both ups and downs, the low-concentration caustic soda was stable and fell, but the high-concentration caustic soda had an increase, and the flake caustic soda market price remained relatively stable. From the perspective of regional market price adjustments, the price of 32% ion membrane alkali in some regions has been partially reduced by 10-17 yuan/ton, the price of 50% ion membrane alkali in some regions has increased by 40 yuan/ton, the market price of 99% flake alkali has remained stable, and the price range of other concentrations of alkali has not seen significant changes. Specifically, low-concentration alkali has been stable with a slight decline. The price of liquid alkali purchased by the main alumina plant in Shandong was reduced by 10 yuan/ton last Saturday. The mentality of the industry in the market is weak, and the enthusiasm of downstream to receive goods is not good. The market price has been narrowly reduced. Under the impact of this, some surrounding areas are mainly weak. There is an increase in some areas of 50% ion membrane alkali, mainly supported by the recent new large orders, the factory shipment situation has improved, and the market price is stable and strong. Today, the market price of flake alkali is stable, the overall wait-and-see sentiment in the market has not decreased, the supply and demand sides remain relatively stable, and the delivery of goods in some areas is tight, which may provide some support for the market price; the ex-factory prices of mainstream manufacturers in Shandong are stable, and the manufacturers in the northwest region have not yet released new prices. The market performance in various regions is relatively cautious.

Analysis of caustic soda futures: The night trading price of caustic soda SH2505 contract rose and then fell, and then fluctuated upward; the morning trading price fluctuated upward, and after a small fall, it continued to rise to the intraday high and then fell; the market fell rapidly in the afternoon, and then rebounded slightly, and fluctuated in the late trading. As of today's afternoon closing, the SH2505 contract fluctuated between 2705 and 2764 throughout the day, with a spread of 59, and the 05 contract increased its position by 12,447 lots, and the current position was 83,889 lots.

Analysis of caustic soda index: According to Tuduoduo data, the domestic caustic soda index was 3053.50 on December 23, up 1.68, a range of 0.055%, and the domestic caustic soda index rose.

Forecast of caustic soda market outlook:
Spot: At present, there are differentiated trends in the liquid caustic soda market with different concentrations of caustic soda, and the trends of low-concentration caustic soda and high-concentration caustic soda are different. There is no obvious change in the price range of other concentrations of caustic soda. The supply in the market remains relatively sufficient, but the downstream demand has not improved significantly. Some manufacturers still have inventory pressure. In addition, the purchase price of Shandong alumina has been continuously reduced, which has a certain negative impact on the market. The 32% alkali is mainly weak. However, the market price of 50% alkali is stable and strong, supported by the recent large contract orders signed. It is expected that the liquid alkali market will continue to run in a differentiated trend in the short term. The flake alkali market is stable. The market prices in various regions are relatively stable at the beginning of the week. Manufacturers in the northwest region have not yet issued new prices, and the cautious wait-and-see sentiment in the market remains unchanged. The market transaction is tepid. Due to the poor delivery of goods in some regions and the obstruction of logistics, the circulating supply is still tight, which may provide certain support for the market price. It is expected that the market price of flake alkali will be mainly in a narrow range in the short term, with limited fluctuations. Pay attention to the market transaction situation.